Revenue (Tables)


			Three Months Ended				Nine Months Ended
(in thousands)			Sep 30, 2026		Sep 30, 2025			Sep 30, 2026		Sep 30, 2025
Business Segment:
	Energy
		Subsea Robotics	$	232,995	$	218,767		$	679,284	$	643,529
		Manufactured Products	168,156		156,395			460,834		436,566
		Offshore Projects Group	172,523		171,046			490,742		485,268
		Integrity Management & Digital Solutions	75,806		70,781			214,534		217,566
	Total Energy		649,480		616,989			1,845,394		1,782,929
	Aerospace and Defense Technologies		135,074		125,909			399,773		332,653
		Total	$	784,554	$	742,898		$	2,245,167	$	2,115,582



Geographic Operating Areas:
	Foreign:
		Africa	$	101,368	$	104,673		$	299,187	$	326,556
		United Kingdom	112,033		88,747			299,121		224,897
		Norway	73,561		68,143			227,271		188,887
		Brazil	64,050		59,314			192,483		184,209
		Asia and Australia	63,099		60,407			189,575		174,392
		Other	41,199		23,792			111,474		69,681
	Total Foreign		455,310		405,076			1,319,111		1,168,622
	United States		329,244		337,822			926,056		946,960
Total			$	784,554	$	742,898		$	2,245,167	$	2,115,582

Timing of Transfer of Goods or Services:
	Revenue recognized over time		$	735,842	$	693,247		$	2,094,162	$	1,966,069
	Revenue recognized at a point in time		48,712		49,651			151,005		149,513
Total			$	784,554	$	742,898		$	2,245,167	$	2,115,582

The following table provides information about contract assets and contract liabilities from contracts with customers.


	Nine Months Ended
(in thousands)	Sep 30, 2026		Sep 30, 2025
Total contract assets, beginning of period	$	216,808	$	275,280
Revenue accrued	2,132,596		1,993,137
Amounts billed	(2,134,287)		(1,999,005)
Total contract assets, end of period	$	215,117	$	269,412


Total contract liabilities, beginning of period	$	115,033	$	140,697
Deferrals of milestone payments	128,223		103,119
Recognition of revenue for goods and services	(107,954)		(125,892)
Total contract liabilities, end of period	$	135,302	$	117,924